The Real Estate Roundtable is a Free Entrepreneurs Club, sponsored by Wayne Community College—This Months Topic—HECM, Reverse Mortgages for Seniors
The club meets the first Thursday of each month to network and learn how to make a profit in real estate in today’s market
This month’s topic will be about a government program for seniors who are 62 and over. They will be discussing how to put a senior into their own home without them being required to make monthly mortgage payments, and yet, they still have equity in the home. They own the home and are required to maintain the home, pay the property taxes and homeowners insurance. They can live in the home for the rest of their lives, but not have a mortgage payment. The program is Home Equity Conversion Mortgages (HECM), otherwise known as Reverse Mortgages for Seniors.
Mark Maupin of National Real Estate Networks says, “this is a great program that helps seniors without costing them any money, while the real estate investor makes a profit,” says Mark. Mark is an experienced real estate investor who understands that as the market changes, so must your business techniques. It’s a great program when the person receiving the service doesn’t need money, but the investor can still make a profit. Very Interesting!
The next meeting will be Thursday, March 6, 2008, from 6pm to 9pm, at 4901 Conner; Detroit, MI 48213, in the Cooper Room. Call Mark Lang at 313-579-6990, or Mark Maupin at 248-939-6232 for more information.
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